Gold Technical Analysis March 11, 2019
The Gold rose 0.97% against the USD on Friday and closed at 1298.00 Today in the European session while Gold technical analysis March 11, 2019 is preparing at 9:45 GMT, the XAU/USD trading at 1296.00, which is 0.15% higher from Yesterday’s close.
The Gold is expected to find support at 1288.00, and a fall through could take it to the next support level of 1278.50. The pair is expected to find its first resistance at 1304.00, and a rise through could take it to the next resistance level of 1310.00. For today the expected trading range is betwee 1276.50, Support and 1297.50 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1288.00 Support 2: 1278:50 Support 3: 1272:50
Resistance Levels: Resistance 1: 1304.00 Resistance 2: 1310.00 Resistance 3: 1320.00
Gold Buying Opportunity for Intraday Trading March 11, 2019
Buy near the support area 1288.00 and 1278.50 as soon as you get reversal candlesticks patterns using stop loss 4 pips below the reversal candlestick & keep target equal to stop loss.
Gold Selling Opportunity for Intraday Trading March 11, 2019
Sell near the resistance area 1304.00 and 1310.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.